In a bid to become the most successful agribusiness entrepreneur, you read books and blog posts by the best agribusiness experts, attend workshops, training, and even field-days to stay up to date with happenings in your industry.

How’s the global flower industry going to be affected, now that UK has decided to exit the EU through a referendum and subsequent invoking of Article 50 of the Lisbon Treaty?

Well, let’s find out.

Overview of Brexit

Central bankers, analysts and investors alike had warned that Brexit could hinder growth in the U.K. and pummel sterling.

According to a report by The Wall Street Journal, The Bank of England had warned that a vote to leave the EU could push up unemployment, and threaten foreign investments that support the U.K. economy.

With the referendum now water under the bridge, and 52% of over 30 million Britons having voted to leave the European Union, the country has started feeling the impact among them the slumping British Pound to a 32-year low.